5 things you need to know in Australian tech today

1. It’s always “day one” for Amazon’s new Australian staff. The first photos of the web giant’s eastern Melbourne warehouse have emerged, and they show “Amazonians” greeted with the slogan “It’s still day one!”. Amazon founder Jeff Bezos has emphasised that ethos for 20 years to show staff and shareholders that the company would always move with the times and never fall behind. Check out the pictures.

2. “Neo-banks” are arriving in Australia. The founder of UK’s Atom Bank, which just completed a successful first year of operation after raising $520 million of capital, says Australian regulations are now just getting to a point where startups could really challenge the big four clique of CBA, ANZ, Westpac and NAB. Read more on his thoughts.

3. It’s been a horror flu season in Australia. But now Australian company ellume.lab has created a smartphone app that will test for the deadly virus, for a less invasive diagnosis than a blood test at a medical clinic. The Australian reports, if approved, the test could be available through GPs next year and sold by pharmacists for about $20 by the 2019 flu season.

4. A Sydney fintech is helping the banks, not challenging them. Trade Ledger has developed a new way to assess the credit risk of businesses which could assist financial institutions open up a whole new market that’s already being eaten into by tech giants like eBay and PayPal. Read more here.

5. Bitcoin will be crackable in a decade. iTnews reports researchers warn powerful quantum computers could unravel the security algorithms behind cryptocurrencies within just a few years, and that a new way to protect against theft should be implemented.

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